Universal Insurance Records 41.23% Drop In Profit In Q3 2021

Universal Insurance Plc, a major player in Nigeria’s insurance sector has released its statements of comprehensive income for the period ended 30th September 2021 with 41.23 drop in profit after taxation in three months to N90.713 million from N154.341 million in Q3 20220.

 Profit for the nine months period dropped by 22.4% to N316.020 million from N407.241 million in 2020.

Gross premium written in three months dropped to N1.541 billion from N1.880 billion while the figure for nine months rose to N2.962 billion from N2.858 billion.

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